Annuity

Compulsory annuitisation under NPS is an essential requirement for novice senior citizens. Before buying the annuity, a NPS subscriber has to assess his future financial needs, available annuity and payout options and also review the terms and conditions of the annuity contract, experts say.

All about HDFC Life's Saral Pension policy

The insurance regulator made it mandatory for insurers to offer such plans with uniform features

LIC Saral Pension: Low annuity rates, but trust factor trumps return consideration

All features and clauses of the pension product are the same across insurers, but the annuity rates are left to the companies

NPS becomes more investor friendly with the tweaking of withdrawal rules

The entire lump-sum accumulated on maturity may be withdrawn by the NPS subscriber if it is below a threshold

Saral Pension: Standardised annuity for retirement income, but taxation hurts returns

The standardised pension product offered by insurers will have common features. Returns, however, will vary

Coming from April, IRDAI's standard Pension plan: Should you invest in it?

The insurance regulator has mandated yet another standard product, this time in the pension space. Find out if it deserves a place in your retirement portfolio.

Our term insurance premiums not costly, private firms’ rates were unsustainable: LIC

LIC’s term products launched last year, with lower premiums, could be the cheapest ones available in the market

We are looking at increasing NPS fund management charges: PFRDA Chairman

More pension fund managers could enter the fray.

Tax benefits that come with investing in the NPS

Given the importance being accorded to the NPS by the central government, it is likely that its structure will only get friendlier in the future

How annuity payouts work

Annuity income is taxable and returns tend to be lacklustre

Investing in the NPS alone may not suffice for your retirement

It should only be a part of one’s overall retirement portfolio

Life Insurance wrap 2019: Regulator IRDA steps in to enhance product features, makes them customer-friendly

Though the changes have been announced, clarifications on the taxation limits need clarity from the 2020 Union Budget.

The multiple tax benefits of the national pension system

The Tier 1 account is covered under EET (Exempt Exempt Taxed) regime

Budget 2017: Annuities sold by insurers should get better tax treatment

Annuity received out of maturity of pension fund under the pension or annuity policy should be exempt from tax under Section 10(10A). Annuity purchased after maturity of pension policies of life insurance companies should be exempt from service tax.

Budget 2017: Separate exemption limit for insurance under sec 80C a must

With the social fabric of the country undergoing changes, it is imperative to encourage the lower/ middle income segments to provide for their own security.

Reverse mortgage: What are the tax liabilities

Under the Reverse Mortgage Scheme (RMS), a senior citizen can opt to receive an additional source of income on the security of an owned residential house, without having to service it during his lifetime. &#82

Budget 2016 can help India grow at 8%: Shaktikanta Das

Talking about the Krishi Kalyan Cess, which loosely put means an increase in service tax, Economics Affairs secretary Shaktikanta Das says it was done because the government needed more resources to spend on infrastructure

Budget 2016: Un-tax my insurance, requests the average insurance buyer

Insurance products are surrounded by service tax and income tax, which should not be the case.

Aim to award 10,000 kms of road projects this fiscal: NHAI

Suresh said few orders have not been awarded this quarter so far, and that response to Build-Operate-Transfer (BOT) projects from road construction firms has been tepid

Is annuity under reverse mortgage tax exempt now?

According to Balwant Jain, it is possible that the government might have intended to exempt the annuity from income tax act, but the notification does not seem to be translating this intention into action